(Stated in millions)
International Plan Assets
2011
2010
Total
Level
One
Level
Two
Level
Three Total
Level
One
Level
Two
Level
Three
Asset Catergory:
Cash and Cash Equivalents
$ 152 $ 152 $ – $ –
$ 106 $ 106 $ – $ –
Equity Securities:
US
(a)
1,170 1,018 152
1,268 1,117 151
International
(b)
937 651 286
1,031 1,031
Debt Securities:
Corporate bonds
(c)
399
399
289
15 274
Government and government-related
(d)
808 551 257
693
365 328
Government agency collateralized mortgage obligations and
mortgage backed securities
(e)
268 190
78
125
44
81
Other collateralized mortgage obligations and mortgage-backed
securities
(f)
93
93
74
74
Alternative Investments:
Private equity
(g)
150
150
114
114
Real estate
(h)
62
62
64
64
Other
58
58
Total
$4,097 $2,562 $1,265 $270
$3,764 $2,678 $908 $178
(a) US equities include companies that are well diversified by industry sector and equity style (i.e., growth and value strategies). Active and passive
management strategies are employed. Investments are primarily in large capitalization stocks and, to a lesser extent, mid- and small-cap stocks.
(b) International equities are invested in companies that are traded on exchanges outside the US and are well diversified by industry sector,
country and equity style. Active and passive strategies are employed. The vast majority of the investments are made in companies in developed
markets with a small percentage in emerging markets.
(c) Corporate bonds consist primarily of investment grade bonds from diversified industries.
(d) Government and government-related debt securities are comprised primarily of inflation protected US treasuries and, to a lesser extent, other
government-related securities.
(e) Government agency collateralized mortgage obligations and mortgage backed-securities are debt obligations that represent claims to the cash
flows from pools of mortgage loans which are purchased from banks, mortgage companies, and other originators and then assembled into pools
by governmental and quasi-governmental entities.
(f) Other collateralized mortgage obligations and mortgage-backed securities are debt obligations that represent claims to the cash flows from
pools of mortgage loans which are purchased from banks, mortgage companies, and other originators and then assembled into pools by private
entities.
(g) Private equity includes investments in several fund of funds limited partnerships.
(h) Real estate primarily includes investments in real estate limited partnerships, concentrated in commercial real estate.
The funding policy is to annually contribute amounts that are based upon a number of factors including the actuarial
accrued liability, amounts that are deductible for income tax purposes, legal funding requirements and available cash
flow. Schlumberger currently anticipates contributing approximately $600 million to its postretirement benefit plans in
2012, subject to market and business conditions.
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